PARIS: Star designer Marc Jacobs is leaving Louis Vuitton after 16 years with the fashion brand, a source close to the French company’s parent LVMH said on Wednesday. Jacobs steered Vuitton’s growth into a global luxury brand which generates more than 7 billion euros ($9.46 billion) of revenues a year, contributing half of LVMH’s operating profits. “Marc Jacobs is leaving Vuitton and will focus on his own brand,” the source said on condition of anonymity. Media reports said Jacobs was leaving Louis Vuitton to develop his own fashion brand with the aim of floating his business on a stock exchange within a few years. –Reuters